EUROFER Seeks Simplification of CBAM to Increase its Effectiveness
In order to simplify and make Carbon Border Adjustment Mechanism (CBAM) effective, EUROFER has sought introduction of a structural legislative solution to preserve European exports and reduce the high risk of resource shuffling, as well as extend the mechanism’s scope to steel-intensive downstream products. Feb 19, 2025 Following the high-level conference “A Carbon Border Adjustment […]
Government Mandates BIS Mark on Manufacturing & Sale of Stainless Steel Seamless Pipes & Tubes
As per the Stainless Steel Pipes and Tubes (Quality Control) Order, 2025, which will come into effect on August 1, 2025, it will be compulsory for the companies to carry a mark of the Bureau of Indian Standards (BIS) on the production, trading, storage, import and sale of stainless steel seamless pipes and tubes. Feb […]
Indian Steel Association Expresses Concern Over Tariffs Imposed by US on Steel Imports
ISA President Naveen Jindal urged the government of India to push for the removal of long-standing ADD & CVD duties and secure exemptions from restrictive measures imposed by the US. Feb 14, 2025 The Indian Steel Association (ISA) has expressed its serious concern over the recent order passed by US President Donald Trump raising tariffs […]
Budget 2025: Favourable Policy Measures Make Conducive Environment For Robust Growth of Steel Sector
Schemes such as allocation of INR 11.21 lakh crore for infrastructure, Maritime Development Fund, Urban Challenge Fund and National Manufacturing Mission will attract fresh investments in the steel sector, create significant employment opportunities and improve global competitiveness. Feb 12, 2025 The steel industry, which plays a crucial role in the development of the country, is […]
Baldota Group To Set Up 10.5 Million TPA Integrated Steel Plant in Karnataka worth INR 54,000 Crore
The greenfield steel mill will be set up in Koppal taluk of Karnataka under the name of Baldota Steel and Power Limited (BSPL). It is expected to create direct and indirect job opportunities for 15,000 people and redefine the steel industry of the country. Feb 13, 2025 Baldota Group, a leading business conglomerate having diversified […]
Naveen Jindal Bids USD 1 Billion to Acquire Italian Steelmaker Acciaierie d’Italia
Naveen Jindal aims to transform the traditional blast furnaces of Acciaierie d’Italia (ADI), having an annual steel production capacity of around 10 million tonnes, into energy-efficient electric arc furnaces, aligning with modern environmental standards. Feb 10, 2025 Chairman and promoter of Jindal Steel and Power Limited (JSPL), Mr. Naveen Jindal, has submitted a bid of […]
JSW Group To Build 25 Million Tonne Steel Plant in Maharashtra Worth INR 1 lakh crore
The 25 million tonne steel plant will be built in Gadchiroli district of Maharashtra in the next seven to eight years. The first phase of the plant, which will not only be the biggest such factory in the world, but also the most beautiful and environment-friendly steel-making unit, will be completed within four years. Feb […]
Jharkhand’s Steel Sector Receives INR 13,000 Crore Investment Proposals
Jharkhand’s steel sector to receive investment of approximately INR 13,000 crore, nearly half of Jharkhand’s INR 26,000 crore investment proposals during the Bengal Global Business Summit. Feb 10, 2025 The steel sector bags half of Jharkhand’s INR 26,000 crore investment proposals. During the Bengal Global Business Summit (BGBS) in Kolkata, the steel sector led the […]
JSW Group Invests INR 3 Lakh Crore in Maharashtra
JSW Group to invest INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement. Jan 22, 2025 JSW Group has committed to investing INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement. This investment has been announced at the World […]
UK Forms New Steel Council with USD 3.07 Million Investment Plan
The Steel Council will meet regularly to establish a roadmap towards a rejuvenated, competitive and environmentally-progressive industry, along with an investment plan of up to USD 3.07 million. Jan 9, 2025 In order to rebuild the country’s steel sector and receive suggestions for the upcoming steel strategy, the United Kingdom government has formed a new […]
